The Journal on the ‘other’ U.S. auto industry
Posted on November 30, 2008 at 11:33 pmA primer and some good cocktail-party stats on the future of auto manufacturing in the United States from The Wall Street Journal’s opinion team.
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More from the ‘Relocate the Preds’ crowd
Posted on November 29, 2008 at 4:29 pmAn Ontario politician calls a second NHL franchise near Toronto “one of the surest investments right now, I think in the world.”
“Everyone I have talked to, and any economist report, tell us it is a job creator and it’s a profit maker,” said Oakville MPP Kevin Flynn, who is preparing to petition the Ontario government to push for a second NHL team in the Greater Toronto Area.
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Nothing marginal about this
Posted on November 28, 2008 at 9:15 pmShares of Brookdale Senior Living (Ticker: BKD) jumped 10 percent Friday after the company’s main shareholder, Fortress Investment Group, said it has paid off all margin debt secured by Brookdale stock. Brookdale is off 80 percent since Labor Day.
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Trimming some more
Posted on at 8:35 pmPinnacle director Ed Loughry unloads about 8 percent of his stake in the company. Loughry has unloaded about 90,000 shares of the bank (Ticker: PNFP) in the past year.
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Hold on for seven more months
Posted on at 11:37 amHendersonville-based Smith Travel Research says the U.S. hotel market will begin to rebound in the second half of 2009.
“The deteriorating economic conditions have become so pervasive that it is affecting all areas of travel-nearly all of which have an impact on hotels,” said Mark Lomanno, president of STR. “Having said that, we expect the worst to be over in the second quarter of 2009.”
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On second thought
Posted on at 11:33 amAfter hearing from dealers, Nissan changes its mind about going to the Chicago Auto Show. Detroit? No chance.
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CHS in Medicaid border war
Posted on at 11:30 amCiting reimbursement issues, a Community Health (Ticker: CYH) hospital in Mississippi has stopped providing Medicaid care to residents of nearby Louisiana.
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FDIC picks CB
Posted on at 10:32 amCB Richard Ellis picks up a plum account from the FDIC, which will use the real estate brokerage to sell off the residential and commercial properties it is picking up left and right.
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It’s official
Posted on at 10:18 amThe parent of Cracker Barrel (Ticker: CBRL) drops the CBRL Group corporate moniker.
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One more year
Posted on at 10:10 amAmerican HomePatient (Ticker: AHOM) President and CEO Joe Furlong gets a new employment agreement that’ll pay him the same $550,000 base salary he’s been getting since 2006.
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These days, they’re playing a lot of blues
Posted on November 25, 2008 at 11:56 pmOur sister pub BusinessTN writes about a team of Healthways employees taking part in the annual Battle of the Corporate Bands.
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Still in the sugary mix
Posted on at 11:45 pmThe locally based Lawrence Group said Tuesday it is moving ahead with a formal offer to buy U.S. Sugar despite the company’s agreement and Dec. 16 deadline to sell its land to Florida officials.
“It is our belief that this is far from a done deal… We trust and expect that U.S. Sugar’s board of directors will meet their fiduciary responsibility to the shareholders.”
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We’re being worn out
Posted on at 9:00 pmHealthways and Gallup show how the financial crisis and recession are putting stresses on our health. Tennessee ranks around 30th for most measures of the Well-Being Index. For the index’s Web site, click here.
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Spit it out
Posted on at 6:33 pmOn their conference call Monday, CBRL Group (Ticker: CBRL) executives wouldn’t disclose – despite being pressed by analysts – the numbers behind the debt covenant ratios they said they are complying with. A day and a half later, they have changed their minds and show that, at its current level, one of those ratios will be too high come May 1.
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Extending unemployment benefits
Posted on at 6:16 pmThe President’s decision last week to extend for a second time unemploymen benefits will support about 26,000 Tennesseans, the state labor department says.
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